Plug Power Inc.
Plug Power Inc. (XETRA: PLUN) is trading at €1.74, about ₹189 at today's EUR/INR rate, as of 30 Sep 2026, 11:35 AM ET, up 2.98% today. Indian residents can buy Plug Power from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
€1.69
Today's high
€1.78
52 week low
€1.44
52 week high
€4.03
PLUN opened at €1.70, closed previously at €1.69, and has traded between €1.44 and €4.03 over the past 52 weeks.
About
Plug Power Inc. is a global leader in providing comprehensive clean hydrogen and zero-emission fuel cell solutions. The company caters to diverse sectors including supply chain and logistics, electric vehicles, and stationary power applications across North America and beyond. A core focus is establishing a complete green hydrogen ecosystem, encompassing the production, storage, and distribution of green hydrogen, alongside its conversion into energy for both mobile and fixed installations. Their technological portfolio includes proton exchange membrane (PEM) and fuel cell processing technologies, as well as hybrid fuel cell/battery systems. They also develop the essential infrastructure for generating, storing, and dispensing hydrogen, including green hydrogen. Key product offerings include GenDrive, a hydrogen-powered PEM fuel cell system designed for material handling electric vehicles; GenFuel, a robust system for the delivery, generation, storage, and dispensing of liquid hydrogen; and GenCare, an IoT-enabled maintenance and on-site service program supporting a range of their fuel cell and hydrogen infrastructure products. GenSure provides modular PEM fuel cell power for stationary backup and grid-support needs in telecommunications, transportation, and utility industries. The company also offers GenKey, an all-in-one solution for transitioning to fuel cell power; ProGen, advanced fuel cell stack and engine technology used in various mobility and stationary applications, including electric delivery vans; and GenFuel Electrolyzers, specialized hydrogen generators optimized for producing clean hydrogen. Plug Power distributes its offerings through a direct sales team, original equipment manufacturers, and an extensive dealer network. The company boasts significant strategic partnerships with entities such as Airbus, Lhyfe, Edison Motors, Phillips 66, Apex Clean Energy, BAE Systems, and Universal Hydrogen Co. Established in 1997, Plug Power is headquartered in Latham, New York.
Key statistics
Avg. volume
544.08K
Market cap
€2.42B
P/E Ratio
-1.44
Price-to-sales ratio
3.67
Enterprise value
$2.70B
Free cash flow yield
-29.23%
Debt-to-equity ratio
1.41
Return on equity
-166.82%
ROIC
-31.69%
Beta
2.17
Dividend yield
0.00%
Last dividend
€0.00
Financial overview
Revenue
$709.97M
Earnings per share
-$1.42
Free cash flow
-$661.52M
Net profit margin
-220.59%
Gross margin
-18.55%
EBITDA
-$635.05M
Revenue growth
12.91%
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This is not an investment recommendation
How to buy Plug Power from India
Indian residents can buy Plug Power shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to EUR.
Search for Plug Power and place an order
Find Plug Power by name or by its ticker, PLUN, and choose an order type. Plug Power trades 12:30 pm – 9:00 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Plug Power position in EUR and INR. Plug Power pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in Plug Power from India
Trading and taxes when buying Plug Power from India
Trading and limits
- Trading hours
- 9:00 am – 5:30 pm CET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NonePlug Power does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Plug Power stock?
Yes. Plug Power (PLUN) has been listed on XETRA since 2007, in the Electrical Equipment & Parts industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to EUR. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Plug Power share cost in rupees?
One Plug Power share is €1.74 — about ₹189 at an EUR/INR rate of 108.91 on 29 Sep 2026. Both the Plug Power price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Plug Power from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
How are gains on Plug Power shares taxed in India?
Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the EUR/INR rate on the purchase and the sale date, so the rupee move counts alongside the Plug Power price. Paasa issues a capital-gains statement for your return.
Does Plug Power pay a dividend?
No. Plug Power does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade Plug Power from India?
XETRA trades 12:30 pm – 9:00 pm IST in Indian time. The window shifts to 1:30 pm – 10:00 pm IST when Germany is on standard time. Orders can only execute during that window.
Is Plug Power a Germany company, and does that change how it is taxed?
Plug Power trades on XETRA in EUR, but the company is domiciled in United States. Plug Power trades as an ordinary share listed directly in Germany, not a depositary receipt. Your India-side capital-gains treatment is the same either way.
Do I have to declare Plug Power shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Plug Power holding, its cost and its closing value.
How do I sell Plug Power and bring the money back to India?
You sell during market hours (12:30 pm – 9:00 pm IST) and the proceeds settle in EUR in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.
Does the rupee rate affect what I make on Plug Power?
Yes. Plug Power is priced in EUR, so your rupee outcome combines the EUR move with the EUR/INR move between the day you remit and the day you convert back. Both directions are reflected in the capital-gains statement Paasa issues.